Donald Trump's Manhattan buildings have lost 21% of their value - 2021-01-27
Donald Trump's Manhattan buildings have lost 21% of their value January 27, 2021,
After a tumultuous one-term presidency, a violent insurrection by supporters, and a retirement to Florida, the Trump name has attracted some negative connotations. And his real-estate holdings are feeling the heat: According to Curbed's analysis of a report from real-estate data firm UrbanDigs, Trump-branded Manhattan properties have lost more than 20% of their value since Trump first took office.
UrbanDigs — which looked at the seven luxury buildings in Manhattan that still bear the Trump moniker, and three that used to — found that even properties that formerly had Trump in their names lost 17% of their value since 2016. By comparison, the overall price per square foot decline in Manhattan over the same period was just 9%.
In 2016, the average price per square foot in seven NYC properties run by his real-estate behemoth, the Trump Organization, was $2,065, according to the report. In 2017, following Trump's election and inauguration, that figure sunk to $1,903; by 2020, it was at $1,619. That's a drop of 21% from its 2016 price.
